Ixcoin (IXC) Falls 0.21%, Underperforms the Crypto Market Thursday

Thursday, February 10, 2022 11:19 AM | InvestorsObserver Analysts

Ixcoin (IXC) has been relatively more volatile compared to the crypto market. So far Thursday, the crypto has declined 20.72% to $0.08284539921.

InvestorsObserver is giving Ixcoin a 87 Volatility Rank. Find out what this means to you and get the rest of the rankings on Ixcoin!

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Highly Volatile

InvestorsObserver gives Ixcoin a high volatility rank of 87, placing it in the top 13% of cryptos on the market.

The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will. IXC's high volatility reading is paired with a low reading on the Risk/Reward Gauge, meaning that the coin has relatively wide price swings and is well protected from price manipulation.

Ixcoin price is trading near resistance. With support set at $0.0786227784146942 and resistance near $0.0835381499519027. This positions Ixcoin with potential selling pressures ahead as it may be getting over extended.

What is a Coin?

A coin is a cryptocurrency that exists on its own blockchain. these are typically used for payments. Depending on the cryptocurrency, what those payments are used for may vary from general use in the Digital Money sub-class to more specific uses in some other sub-classes.